Which of the Following Is Most Likely to Be Classified

question 1

Multiple Choice

Which of the following is most likely to be classified as a fixed cost?

• A) Factory utilities
• B) Factory supplies
• C) Direct labor
• D) Factory insurance

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Definitions:

Not Promoting Product

The decision not to actively market or advertise a product, possibly due to strategic, ethical, or resource-related reasons.

Vision and Mission

Statements that articulate an organization's core aims and objectives; vision describes the future aspirations, mission outlines the primary purpose.

Financial Control

The management of an organization's revenues, expenses, and assets to improve financial efficiency and effectiveness.

Small Business Failure Rates

The percentage of small businesses that do not succeed or cease operations within a certain period of time.